[SCHEDULE 13G] Confluent, Inc. SEC Filing

Rhea-AI Filing Summary

Point72 Asset Management, L.P., Point72 Capital Advisors, Inc. and Steven A. Cohen have disclosed a new 5.1 % passive stake in Confluent, Inc. (NASDAQ: CFLT). In a Schedule 13G filed on 24 June 2025, the reporting persons state that, as of the close of business on 23 June 2025, they beneficially owned 14,460,905 Class A shares of Confluent, including 146,800 shares issuable upon exercise of call options.

• Voting & Dispositive Power: The filing shows 0 shares with sole voting/dispositive power and 14,460,905 shares with shared voting and dispositive power across the three reporting entities.
• Reporting structure: Point72 Asset Management (investment manager) and Point72 Capital Advisors (general partner) are both controlled by Mr. Cohen, who joins the filing under Rule 13d-1(k).
• Certification: The Schedule 13G certification confirms the securities were not acquired to change or influence control, underscoring a passive investment posture.

Because the 5 % threshold under Section 13 of the Exchange Act was crossed, the firms were required to file this beneficial-ownership report. The disclosure adds Point72—one of the industry’s largest hedge-fund complexes—to Confluent’s shareholder register, potentially broadening institutional coverage and liquidity for CFLT shares.

Positive

• Point72, a high-profile hedge fund complex, now holds 14.46 million CFLT shares (5.1 %), adding credible institutional sponsorship.
• Stake is filed on Schedule 13G, indicating a passive, non-activist position, reducing concerns about control contests.
• Disclosure includes only shared voting/dispositive power, suggesting coordinated but non-controlling ownership.

Negative

• None.

Insights

Hedge Fund Specialist

TL;DR: Point72’s 5.1 % passive stake signals fresh institutional interest without activist intent.

Point72, led by Steven Cohen, has accumulated 14.46 million CFLT shares, taking it just above the 5 % reporting line. The 13G form (rather than 13D) and the certification language confirm a passive stance, limiting expectations of activist engagement or governance agitation. Nevertheless, Point72’s quantitative and fundamental trading desks often enter positions with liquidity and trading flexibility in mind, and their presence can enhance market depth. The inclusion of call options (146.8 k shares) hints at an options overlay strategy, but the bulk of exposure is outright equity. For shareholders, the filing is modestly positive: it expands the blue-chip hedge-fund roster holding CFLT, may improve sentiment, and does not introduce control-related overhangs. Impact rating: +1.

Sell-Side Equity Analyst

TL;DR: New 5 % holder improves demand profile; no operational effect expected.

The 5.1 % stake equals roughly US$ [market-value depends on share price] and demonstrates external confidence in Confluent’s long-term streaming-data thesis. Because Point72 has shared—but not sole—voting power and files passively, strategic direction remains with incumbent management. The stake size is material for disclosure purposes yet small enough to avoid any poison-pill triggers or board-seat negotiations. In valuation terms, heightened institutional sponsorship can compress the company’s cost of capital and support secondary offerings if needed. No dilution, debt issuance, or earnings data are introduced in the filing, so near-term financial modeling remains unchanged. Overall impact: modestly positive.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Confluent, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

20717M103

(CUSIP Number)

06/23/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 20717M103

1

Names of Reporting Persons

Point72 Asset Management, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,460,905.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,460,905.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,460,905.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: Includes 146,800 Class A Common Stock (as defined in Item 2(a)) issuable upon exercise of call options.

SCHEDULE 13G

CUSIP No. 20717M103

1

Names of Reporting Persons

Point72 Capital Advisors, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,460,905.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,460,905.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,460,905.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Includes 146,800 Class A Common Stock issuable upon exercise of call options.

SCHEDULE 13G

CUSIP No. 20717M103

1

Names of Reporting Persons

Steven A. Cohen

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,460,905.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,460,905.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,460,905.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Includes 146,800 Class A Common Stock issuable upon exercise of call options.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Confluent, Inc.
(b)	Address of issuer's principal executive offices: 899 W. Evelyn Avenue, Mountain View, CA 94041
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Point72 Asset Management, L.P. ("Point72 Asset Management") with respect to the shares of Class A common stock, par value $0.00001 per share ("Class A Common Stock"), of Confluent, Inc. held by (and underlying options held by) Point72 Associates, LLC, an investment fund it manages ("Point72 Associates"), and another investment fund it manages (together with Point72 Associates, the "Point72 Funds"); (ii) Point72 Capital Advisors, Inc. ("Point72 Capital Advisors Inc.") with respect to shares of Class A Common Stock held by (and underlying options held by) the Point72 Funds; and (iii) Steven A. Cohen ("Mr. Cohen") with respect to shares of Class A Common Stock beneficially owned by Point72 Asset Management and Point72 Capital Advisors Inc. Each of Cubist Systematic Strategies, LLC and Point72 (DIFC) Limited are advisors under common control with Point72 Asset Management, and each acts as a sub-advisor with respect to a portion of the shares of Class A Common Stock reported herein. Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 99.1, pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934 (the "Act").
(b)	Address or principal business office or, if none, residence: The address of the principal business office of Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen is 72 Cummings Point Road, Stamford, CT 06902.
(c)	Citizenship: Point72 Asset Management is a Delaware limited partnership. Point72 Capital Advisors Inc. is a Delaware corporation. Mr. Cohen is a United States citizen.
(d)	Title of class of securities: Class A Common Stock, par value $0.00001 per share
(e)	CUSIP No.: 20717M103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 23, 2025. Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen own directly no shares of Class A Common Stock. Pursuant to an investment management agreement, Point72 Asset Management maintains investment and voting power with respect to the securities held by the Point72 Funds. Point72 Capital Advisors Inc. is the general partner of Point72 Asset Management. Mr. Cohen controls each of Point72 Asset Management and Point72 Capital Advisors Inc. The filing of this statement should not be construed as an admission that any of the foregoing persons or any Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the shares of Class A Common Stock reported herein.
(b)	Percent of class: 5.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 23, 2025.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 23, 2025.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 23, 2025.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Such information is as of the close of business on June 23, 2025.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2(a).
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Point72 Asset Management, L.P.

Signature:	/s/ Jason M. Colombo
Name/Title:	Jason M. Colombo, Authorized Person
Date:	06/24/2025

Point72 Capital Advisors, Inc.

Signature:	/s/ Jason M. Colombo
Name/Title:	Jason M. Colombo, Authorized Person
Date:	06/24/2025

Steven A. Cohen

Signature:	/s/ Jason M. Colombo
Name/Title:	Jason M. Colombo, Authorized Person
Date:	06/24/2025

Exhibit Information

Exhibit 99.1: Joint Filing Agreement

FAQ

How many Confluent (CFLT) shares does Point72 own?

14,460,905 Class A shares, including 146,800 shares underlying call options, as of 23 June 2025.

What percentage of Confluent’s outstanding shares does the 14.46 million represent?

The position equals 5.1 % of Confluent’s Class A common stock.

Why did Point72 file a Schedule 13G instead of a 13D?

A Schedule 13G indicates a passive investment intent; Point72 certified it is not seeking to influence control of Confluent.

Who are the reporting persons in this filing?

Point72 Asset Management, L.P.; Point72 Capital Advisors, Inc.; and Steven A. Cohen jointly filed the Schedule 13G.

Does Point72 have sole voting power over the shares?

No. The filing shows 0 shares with sole voting power; all voting and disposition rights are shared among the reporting persons.

What is the event date triggering the filing?

The beneficial-ownership measurement date is 23 June 2025; the filing was submitted on 24 June 2025.